Bloom Energy (NYSE:BE) Stock Price Down 15.1% – Here’s Why

Bloom Energy Corporation (NYSE:BE) was down 15.1% during trading on Friday . The stock traded as low as $135.11 and last traded at $135.80. Approximately 14,665,180 shares were traded during trading, an increase of 21% from the average daily volume of 12,094,652 shares. The stock had previously closed at $159.99.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BE. Robert W. Baird set a $172.00 price objective on shares of Bloom Energy in a report on Tuesday, January 27th. BMO Capital Markets upped their target price on shares of Bloom Energy to $149.00 and gave the company a “market perform” rating in a report on Friday, February 6th. Barclays began coverage on shares of Bloom Energy in a research report on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Finally, Wall Street Zen lowered Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $131.87.

Bloom Energy Trading Down 15.1%

The stock has a 50 day moving average of $141.26 and a 200-day moving average of $109.13. The company has a market capitalization of $38.10 billion, a P/E ratio of -357.37, a P/E/G ratio of 5.52 and a beta of 3.11. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.20. The business had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insider Activity

In related news, Director Gary S. Pinkus sold 1,250 shares of Bloom Energy stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.80, for a total transaction of $207,250.00. Following the transaction, the director owned 4,149 shares in the company, valued at approximately $687,904.20. The trade was a 23.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aman Joshi sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $175.60, for a total transaction of $1,756,000.00. Following the completion of the transaction, the insider directly owned 210,465 shares of the company’s stock, valued at $36,957,654. This represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 268,788 shares of company stock worth $45,575,889. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Bloom Energy

Several institutional investors have recently made changes to their positions in BE. WPG Advisers LLC lifted its holdings in Bloom Energy by 26.4% in the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Bloom Energy during the 4th quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $32,000. Finally, Fifth Third Bancorp bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

About Bloom Energy

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.